Third Point Reinsurance Ltd (NYSE:TPRE) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in Third Point Reinsurance Ltd (NYSE:TPRE) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,100 shares of the insurance provider’s stock after purchasing an additional 1,750 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Third Point Reinsurance were worth $249,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Third Point Reinsurance by 369.2% during the second quarter. Bank of Montreal Can now owns 8,704 shares of the insurance provider’s stock worth $91,000 after acquiring an additional 6,849 shares during the last quarter. Prudential Financial Inc. increased its stake in Third Point Reinsurance by 47.4% during the second quarter. Prudential Financial Inc. now owns 435,116 shares of the insurance provider’s stock worth $4,490,000 after acquiring an additional 139,951 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Third Point Reinsurance by 602.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 107,975 shares of the insurance provider’s stock worth $1,114,000 after acquiring an additional 92,600 shares during the last quarter. Stone Ridge Asset Management LLC increased its stake in Third Point Reinsurance by 53.5% during the second quarter. Stone Ridge Asset Management LLC now owns 35,062 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 12,223 shares during the last quarter. Finally, Swiss National Bank increased its stake in Third Point Reinsurance by 1.5% during the second quarter. Swiss National Bank now owns 139,400 shares of the insurance provider’s stock worth $1,439,000 after acquiring an additional 2,100 shares during the last quarter. 65.41% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on TPRE. Zacks Investment Research cut Third Point Reinsurance from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine cut Third Point Reinsurance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th.



In other news, CEO Daniel V. Malloy acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $9.67 per share, with a total value of $48,350.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.18% of the company’s stock.

Shares of NYSE TPRE traded up $0.11 during trading on Friday, reaching $10.43. The stock had a trading volume of 7,571 shares, compared to its average volume of 415,722. Third Point Reinsurance Ltd has a fifty-two week low of $8.85 and a fifty-two week high of $13.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.79 and a current ratio of 0.79. The business’s 50-day moving average price is $9.82 and its 200-day moving average price is $10.47. The company has a market cap of $950.71 million, a P/E ratio of -3.19, a PEG ratio of 0.22 and a beta of 1.07.

Third Point Reinsurance (NYSE:TPRE) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.11). The firm had revenue of $214.58 million during the quarter. Analysts forecast that Third Point Reinsurance Ltd will post 3.05 EPS for the current fiscal year.

Third Point Reinsurance Profile

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners' and commercial, workers' compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products.

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Institutional Ownership by Quarter for Third Point Reinsurance (NYSE:TPRE)

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